US equity markets closed lower on Thursday, with the Nasdaq Composite leading the decline as selling pressure intensified across the semiconductor sector.
The tech-heavy index dropped nearly 2% during the session, weighed down by sharp declines in leading chipmakers that erased earlier gains.
The broader market opened in positive territory but failed to sustain momentum, finishing the day in negative territory as investors rotated away from high-growth technology names.
Despite the sector-wide weakness, Nvidia managed to hold its ground and reclaimed its position as the world’s largest company by market capitalization.
The chip giant’s resilience provided a counterpoint to the broader tech selloff, highlighting the divergent performance within the sector.
Meanwhile, Domino’s Pizza emerged as one of the few notable winners, with shares rising on the back of strong earnings reports that beat market expectations.